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Question 24: Consider the following ratios for the year ending in December 2020: Debt-to-equity Times interest earned Current ratio Cash flow to fixed charges 0.8

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Question 24: Consider the following ratios for the year ending in December 2020: Debt-to-equity Times interest earned Current ratio Cash flow to fixed charges 0.8 3.0 1.2 2.8 What would be the new debt to equity ratio if the company issues $1,000 in common stocks to repay a $1,000 in long-term debt during the same year 2020. The initial equity at the beginning of the year was $11,000

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